Source: Jin10 Data

According to insiders, the transition team of the elected president Trump has interviewed senior financial regulatory figure and conservative finance celebrity Paul Atkins as a candidate to lead the usa Securities and Exchange Commission (SEC).

The aforementioned sources stated that Atkins is a popular choice to succeed the outgoing SEC chairman Gary Gensler, but they are not authorized to speak publicly. They said that Trump is expected to make a choice in the coming days, but no decision has been made yet.

According to foreign media reports earlier this month, SEC's current commissioner Mark Uyeda, commoditiesFutures Trading Commission (CFTC)'s latest data shows that investors are significantly reducing their net short positions in US soybean, corn, and wheat contracts, easing bearish sentiment in the market.Commission (CFTC) former chairman Heath Tarbert and Willkie Farr & Gallagher LLP partner Robert Stebbins are also under consideration.

Trump's spokesperson Karoline Leavitt said in a statement: "Elected President Trump has made wise decisions at lightning speed regarding who will serve in his second administration. Remaining decisions will be announced by him after they are made."

Atkins and his representatives did not immediately respond to requests for comment.

Digital asset guardian.

Atkins served as a Republican commissioner at the SEC during the Bush administration and later founded Patomak Global Partners, a consulting firm that serves large clients in the industry.

He is a staunch supporter of digital assets and cni xiangmi lake fintech index companies. He has also testified before Congress on how to restructure the operations of the institution and reduce regulations that some industry participants consider redundant or overly cumbersome.

Trump had promised to fire Gensler on the "first day," but when the former goldman sachs banker announced earlier this month that he would step down in January next year, this vow became meaningless. In the wake of a series of high-profile collapses, including the implosion of Sam Bankman-Fried's FTX exchange, the SEC led by Gensler has set ambitious goals to combat cryptos.

The SEC under Gensler has often been criticized by the industry for making regulations through enforcement rather than clearly specifying how to operate under the rules, a practice that might change after the new government takes office. Trump once described cryptos as a scam aimed at the dollar during his campaign, but he later began to support them. He promised his supporters that he would establish a bitcoin strategic reserve, appoint crypto-friendly regulators, and end the outgoing administration's "anti-crypto campaign."

Under the leadership of the new chairman, the SEC is expected to continue to focus on fundamental priorities: rooting out fraud, combating insider trading, stopping Ponzi schemes, and curbing inaccurate, misleading, or overly exaggerated disclosures.

Bitcoin has rebounded, reigniting optimism for hitting the $0.1 million milestone.

Bitcoin surged 6% on Wednesday, reaching $97,361 at one point. Ethereum soared more than 10% during the day, reporting $3,671 per coin at the time of writing, continuing to set new highs since June.

"The market is in a price discovery phase, and after rising over 45% from the lows before the election, the recent drop seems to be a healthy correction, possibly driven by profit-taking," said Jake Ostrovskis, an otc trader at Wintermute. "Traders believe that the $0.1 million level is likely to be breached."

Nikolay Karpenko, director of B2C2, stated that part of the recent drop in bitcoin earlier this week was due to people taking profits as the price approached a historic milestone. He mentioned that this is tactical, and bitcoin is likely to break through $0.1 million soon.

Alex Thorn, head of research at Galaxy Digital, wrote in a note to clients: "Once some leverage is washed out and short-term buyers take profits, we believe that bitcoin may find a strong support base and could attempt to break through the $0.1 million level again in the short term."

Editor / jayden